Tillkännagivande • May 06
Mongoose Mining Ltd., Annual General Meeting, Jun 25, 2026 Mongoose Mining Ltd., Annual General Meeting, Jun 25, 2026. New Risk • May 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$155k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$155k free cash flow). Share price has been highly volatile over the past 3 months (61% average weekly change). Negative equity (-CA$391k). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.61m market cap, or US$1.92m). Recent Insider Transactions Derivative • Apr 30
Co-President (Operations) exercised options to buy CA$25k worth of stock. On the 28th of April, Terence Coughlan exercised options to buy 277k shares at a strike price of around CA$277,000, costing a total of CA$77b. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. Since June 2025, Terence's direct individual holding has increased from 1.02m shares to 3.62m. Company insiders have collectively bought CA$77b more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Apr 09
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$69k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (79% average weekly change). Negative equity (-CA$356k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.91m market cap, or US$1.38m). Minor Risk Significant insider selling over the past 3 months (CA$69k sold). Tillkännagivande • Jan 19
Mongoose Mining Ltd. Appoints Labi Kousoulis to Its Board of Directors as an Independent Director, Effective 19 January 2026 Mongoose Mining Ltd. announced the appointment of Labi Kousoulis, FCPA, ICD.D, to its Board of Directors as an independent director, effective 19 January 2026. The appointment follows a review of the Company's Board composition led by the Chairman of the Board, with a focus on strengthening independent oversight, financial expertise, and governance capacity as the Company advances its strategic objectives. Kousoulis is a Fellow Chartered Professional Accountant (FCPA) and holds the Institute of Corporate Directors designation (ICD.D). He brings extensive senior leadership experience within the Government of Nova Scotia, where he held responsibility for economic development, finance, trade, and capital investment programs, including oversight of large-scale public capital allocation initiatives. His experience provides the Board with direct insight into provincial policy development, regulatory processes, intergovernmental coordination, and stakeholder engagement frameworks relevant to long-duration resource development in Nova Scotia. Kousoulis has no material relationship with the Company and qualifies as an independent director under applicable securities laws and exchange policies. He will be eligible to serve on Board committees as determined by the Board. Tillkännagivande • Jan 17
Mongoose Mining Ltd. Announces Executive Leadership Realignment Mongoose Mining Ltd. announced pursuant to the Board's approval: W. Matthew Allas, currently Chairman of the Board, has been appointed Executive Chairman of the Company; Terence Coughlan, the Company's current Chief Executive Officer has been re-designated as Co-President (Operations); and Gerasimos (Gerry) Sklavounos, Jr., currently an independent director of the Company has been appointed Co-President (Corporate & External Affairs). Tillkännagivande • Jan 02
Mongoose Mining Ltd. Announces Strategic Refocus of Exploration Activities to Natural Hydrogen Mongoose Mining Ltd. announced that its Board of Directors has approved a refocusing of the Company's primary exploration and evaluation activities from Iron-Oxide-Copper- Gold ("IOCG") mineral systems to the evaluation and confirmation of natural (geologic) hydrogen as a potential subsurface resource, within the Company's existing Nova Scotia land package. Strategic Rationale. The Company's decision reflects the convergence of three principal factors: Asset Fundamentals identified Through Historical Work. Mongoose's Nova Scotia properties host geological features that are increasingly recognized as relevant to natural hydrogen systems, including. Iron-rich and redox-active lithologies historically evaluated in the context of IOCG mineralization; Major regional fault and fracture systems capable of facilitating deep gas migration; and Structural and stratigraphic settings that have experienced favorable burial histories, which independent studies identify as a key control on hydrogen preservation. These characteristics were documented and partially constrained through historical mapping, geophysics, geochemistry, and drilling undertaken during prior mineral exploration campaigns. Rather than representing a departure from prior work, the strategic refocus leverages and re-interprets legacy IOCG datasets through a modern hydrogen-systems framework. Independent research published over the past several years has demonstrated overlap between environments historically explored for iron-oxide associated mineral systems and geological settings capable of generating, migrating, and potentially trapping hydrogen. Management believes that this historical work provides the Company with a meaningful technical head start relative to early-stage natural hydrogen projects that lack comparable subsurface datasets. Evolving Market and Regulatory Context. While natural hydrogen remains an emerging resource opportunity globally, recent field results from multiple jurisdictions have shifted industry focus from theoretical existence toward confirmation and appraisal. Concurrently, Nova Scotia and Canada have adopted hydrogen-forward energy strategies that, while primarily focused on green hydrogen, contribute to improved regulatory familiarity, infrastructure planning, and long-term commercialization optionality for hydrogen-related resources. Strategic Scope and Next Steps. The approved refocus does not constitute a change in the Company's fundamental business. Mongoose remains an exploration-stage resource company operating within the mineral and energy resource markets. Near-term activities will prioritize: Target refinement using existing geological, geophysical, and structural data; Design of a staged natural hydrogen confirmation program focused on cost-efficient testing; and Engagement with technical specialists and independent advisors to support evaluation and disclosure. The Company emphasizes that natural hydrogen exploration is inherently speculative and that no subsurface hydrogen accumulation has yet been confirmed on its properties. Any future exploration or testing results will be disclosed in accordance with applicable securities laws and regulatory requirements. Retention of Optionality. Mongoose will retain its existing mineral tenure and historical IOCG datasets. These assets may continue to provide optionality and technical value, particularly where they support or enhance the evaluation of subsurface hydrogen systems. Qualified Oversight and Disclosure. The Company intends to ensure that all technical disclosure related to exploration activities is prepared and reviewed in accordance with applicable regulatory standards and with appropriate professional oversight. Tillkännagivande • Oct 10
Mongoose Mining Ltd. announced that it has received CAD 0.13 million in funding On October 9, 2025, Mongoose Mining Ltd. closed the transaction. The company issued 1,800,000 flow-through shares at a price of CAD 0.05 per share for gross proceeds of up to CAD 90,000; and up to 800,000 hard dollar shares at a price of CAD 0.05 per share for gross proceeds of up to CAD 40,000; for aggregate gross proceeds of up to CAD 130,000. New Risk • Aug 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$6.4k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.4k free cash flow). Shares are highly illiquid. Negative equity (-CA$350k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.29m market cap, or US$936.4k). Board Change • Aug 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director David Alward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director David Alward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 08
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$322k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$60k free cash flow). Shares are highly illiquid. Negative equity (-CA$322k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.13m market cap, or US$811.0k). Tillkännagivande • May 07
Mongoose Mining Ltd., Annual General Meeting, Jun 26, 2025 Mongoose Mining Ltd., Annual General Meeting, Jun 26, 2025. Board Change • Apr 28
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director David Alward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director David Alward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director David Alward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 13
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director David Alward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 22
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director David Alward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director David Alward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 06
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jul 10
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 07
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 15
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Apr 06
Mongoose Mining Ltd., Annual General Meeting, Jun 12, 2024 Mongoose Mining Ltd., Annual General Meeting, Jun 12, 2024. Board Change • Apr 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 04
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jan 17
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 11
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 23
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 12
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Aug 04
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Jul 23
Mongoose Mining Ltd. Provides an Update on its Iron Oxide Copper Gold Cobalt Exploration Projects in Nova Scotia Mongoose Mining Ltd. provided an update on its Iron Oxide Copper Gold Cobalt (IOCG) exploration projects in Nova Scotia. The Company is focused on advanced exploration and development along the Cobequid-Chedabucto Fault Zone (CCFZ), which is a large crustal fault system defining the southern boundary of the Cobequid Highlands in central Nova Scotia. The IOCG mineral deposit model hosts a diverse suite of elements, some of which occur in Canada's Critical Minerals Strategy List including the elements Cu, Au, REE, F, P, Mo, Ag, Ba, Co and Ni. The principal geologic features are hydrothermal ore styles, strong structural controls, and abundant metasomatic Fe oxides. Recent drilling results demonstrate many of the characteristics for a potential IOCG system. Exploration for these elements is intended to boost the supply of critical minerals to grow domestic and global value chains for the green and digital economies. The exploration team plans to concentrate on two priority targets in Nova Scotia: 1) Mt. Thom, where the Company recently discovered a gravity anomaly virtually untested by historic drilling. The anomaly is associated with a previously discovered copper-cobalt zone; and 2) Bass River, where a four-kilometre-long cobalt bearing trend has been recognized. Both areas have been submitted to the Nova Scotia mineral assistance grant program and are awaiting potential approvals. The program over the last several years has assisted by funding exploration on the Bass River program, which the company is very appreciative. Recent Work: Mt. Thom IOCG Project: A 542-point gravity survey by CSR Geosurveys of Porter's Lake, Nova Scotia was completed in the fall of 2022 over the Mt. Thom copper-cobalt prospect. Interpretation of the data shows a significant 1.1 Mgal gravity anomaly 250 metres east of and adjacent to the known copper-cobalt mineralization. The Mt. Thom prospect was discovered by Imperial Oil in 1971. The IOCG-style model and cobalt mineralization was later recognized by the Nova Scotia Department of Natural Resources. With significant values of copper, cobalt and gold mentioned in historical reports, Mt. Thom remains a priority utilizing current geological knowledge. Mineralized outcrop at Mt. Thom and sporadic core sampling have recently produced assays of up to 0.863% cobalt within copper bearing zones grading 1.5% copper. A December 2022 drill program was intended for the Mt Thom area, however permitting had not been attained. All permits and landholder permission are now completed. Mt Thom remains a high priority target for the company.ass River: untested areas of this priority region will be further explored by airborne magnetics and ground truthing to evaluate target locations for pending drill campaigns. Pine Lake, East Folly Mountain, and Pine Lake South area: A 792. metre drill program comprising 4 holes was completed in December 2022. Seventeen samples were assayed and a single sample from the program graded 3650 zinc. This area has been down graded for the time being, however, several old iron mines and geophysical targets remain untested in these areas. Sheba Gold Property: In New Brunswick., the Company contracted Prospectair of Gatineau, QC to conduct an airborne MAGTDEM survey at the Company's Sheba Gold Property. The project has significant historic gold mineralization, and the survey is expected to provide insight into the structural controls to better direct future exploration. The Company plans to conduct follow-up ground field work on interesting geophysical targets. Board Change • Jul 07
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 03
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jan 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 05
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Nov 12
Mongoose Mining Ltd. Provide an Update on Its Iron Oxide Copper Gold Cobalt Exploration Projects in Nova Scotia and Its Gold Project in New Brunswick, Canada Mongoose Mining Ltd. provide an update on its Iron Oxide Copper Gold Cobalt (IOCG) exploration projects in Nova Scotia and its gold project in New Brunswick, Canada. Additionally, utilizing an impressive compilation of historical reports and Artificial Intelligence (AI) algorithms/machine learning from Mercator Geological Services, the Mongoose exploration team was able to generate new targets and to assess targets provided by Minotaur. The (IOCG) model hosts a diverse suite of elements included in Canada's Critical Minerals Strategy, (intended to boost the supply of critical minerals to grow domestic and global value chains for the green and digital economy) including various combinations of Cu, Gold, REE, F, P, Mo, Ag, Ba, Co and Ni. The principal characteristic features are hydrothermal ore styles, strong structural controls, and abundant Fe oxides with an Fe/Ti relationship. Recent drilling results demonstrate many of the characteristics for a potential IOCG discovery. A drill program comprising seven holes and 1,826 metres of drilling was completed in September, 2022.All core has been logged and 413 samples including QA/QC inserts were delivered to AGAT Laboratories in Mississauga, Ontario for 58 element ICP-OES analysis and gold by fire assay. Four of the drill holes were intended to test geophysical anomalies generated in the mid-2000's by Minotaur. Three drill holes failed to intersect significant mineralization, however, a fourth drill hole intersected basaltic lithologies hosting elevated copper values. The Company believes this priority target area requires further evaluation to assess the location of a gravity anomaly and potential IOCG mineralization. Three drill holes tested a recently discovered pyritic magnetite exposure (Fire Road prospect) and intersected elevated levels of cobalt. The Fire Road prospect is along strike of the Company's Bass River Cobalt prospect drilled in 2021 located approximately 4 kilometres to the west. The area between these two prospects has untested potential for hosting cobalt. This untested, but priority region will be further explored to evaluate target locations for pending drilling campaigns. Tillkännagivande • Jun 16
Mongoose Mining Ltd. Elects David N. Alward to Board of Directors Mongoose Mining Ltd. at its Annual General and Special Meeting of holders held on June 14, 2022, approved the election of David N. Alward to Board of Directors. Tillkännagivande • Jun 11
Mongoose Mining Ltd. Provides Update on Exploration at Iocg Project in Nova Scotia and Gold Project New Brunswick Mongoose Mining Ltd. announced an update on exploration at their projects in Nova Scotia and New Brunswick, Canada. In Nova Scotia, the company remains focused on the exploration of its IOCG properties along the Cobequid Chedabucto Fault Zone. Iron-Oxide Copper Gold (IOCG) deposits are known for their significant concentrations of copper and gold ores hosted in iron-oxide assemblages. Other commodities associated with the IOCG model include REEs, F, P, Mo, Ag, Ba, Co and Ni. They are characterized by deposit features such as hydrothermal ore styles, strong structural controls, and abundant iron-oxides with an iron/titanium relationship. Recent work by the company has demonstrated several of these characterizations indicating the potential for a discovery of a mineral deposit. Recent Work: Mt. Thom IOCG Project - Located along the IOCG trend of Nova Scotia, the Mt. Thom copper prospect was discovered by Imperial Oil in the early 1970s and the IOCG modeling and cobalt mineralization were later recognized. With significant values of Copper, Cobalt, and Gold reported in historical reports, Mt. Thom remains a priority for modern-day evaluation. Mineralized outcrop and sporadic core sampling have recently produced assays of up to 0.863% Cobalt within historic 1.5% grading copper zones. A 2004 government study of 29 core samples, encountered values ranging from 157 ppm (.0157%) to 8630 ppm (.863%) Cobalt. (See Press Release International Cobalt Corp. May 22, 2018). The Mongoose field team recently spent 8 days at the Government Core Library confirming historical drill core data and sampling select intervals for assay to better understand the geology at Mt. Thom. Bass River & East Folly Mountain IOCG Project - Mongoose recently commissioned the services of EarthEx Geophysical Solutions Inc. from Manitoba to conduct a high-definition UAV mag survey in the Bass River and East Folly Mountain Blocks of their properties. At Bass River, the newly acquired mag data will coincide with the Company's 2021 drilling and field sampling where significant cobalt mineralization was identified. At East Folly Mountain, results are expected to further define Nano Spectra anomalies identified during work conducted in 2020. 3D modeling will be acquired from EarthEx to be used for future drill targeting (Summer/Fall 2022). Upcoming Work: Bass River, Londonderry and East Folly Mountain IOCG Project - A 2000-meter drill program has been scheduled for mid-June 2022. The field team has been working on logistics, permitting, land access and road cutting in anticipation of starting up immediately following their return from the 2022 PDAC conference in Toronto in mid-June. Planned drill holes include: Fire Road - To test a 15m outcropping magnetite body with significant cobalt mineralization. - Crown Land Permit in place. Adjacent to Fire Road - To test a historic gravity anomaly (NS-23 West). - Crown Land Permit in place. Londonderry, NS - To test a large historic magnetic and coincident gravity anomaly (NS-24) overlain by anomalous copper and zinc rock geochem. - Private landowner agreement in place. Londonderry, NS - To test Minotaur gravity anomaly (NS-27D). This was a high-priority target from the previous claim holder but was never drilled. - Private landowner agreement in place. Bass River, NS - To test a historic gravity anomaly (NS-23 Gravity) overlain by a large historic geochem copper anomaly. - Crown Land Permit in place. East Folly Mountain, NS - To test anticipated mag anomalies from EarthEx's high-definition UAV magnetic survey over the East Folly Mountain block. - Landowner cooperation has been confirmed, permits to be acquired after new data has been received. In New Brunswick, the Company has scheduled the services of Prospectair of Gatineau, QC to conduct an airborne MAG-TDEM survey at the Sheba Gold Property. The project has several significant historic gold assays, and the survey is expected provide insight to the structural controls to better direct future exploration. Prospectair is expected to be available by mid-July., 2022 for the program. Tillkännagivande • May 05
Mongoose Mining Ltd. Announces Change of Chief Financial Officer Mongoose Mining Ltd. announced that it has appointed Richard Pinkerton as its new Chief Financial Officer, effective 04 May 2022. Mr. Pinkerton also serves as CFO of Canadian Manganese Company Inc., the Company's large shareholder. The Company would like to thank Steve Cummings for his recent service as CFO, in particular for his contribution towards the successful completion of the business combination between the Company and Spark Minerals Inc. Mr. Cummings will continue to serve as a Non-Executive Director of the Company. Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. No independent directors (6 non-independent directors). Director John van Driesum is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Apr 22
Mongoose Mining Ltd. Drills 30.9 metres of 540 ppm Cobalt at its Bass River IOCG Project in Nova Scotia Mongoose Mining Ltd. announced that it has encountered significant intercepts of cobalt bearing pyritic magnetite in three drill holes at its Bass River project, near Londonderry and Bass River, Nova Scotia, (the "Property"). These holes were part of a six hole, 1,056 metre drill program performed in the fall of 2021 with the support of the Nova Scotia Mineral Resources Development Fund. Hole BR-21-06 is the deepest hole drilled to date and intersected a cobaltiferous zone at 17.75 metres to 101.6 m (83.85 m of 237 ppm) included 1,068 ppm over 2.25 m. The true thickness of the pyritic magnetite zone is yet to be determined; however, the minimum thickness is estimated to be 30 metres. Interesting values of titanium over 1% (5 m of 1.2%) and elevated values of cerium and lanthanum rare-earth elements exist in holes BR-21-04 and BR-21-06. The rare earth element yttrium was identified in BR-21-06 utilizing micro-XRF (Buyers et al., AGS Colloquim, Fredericton, NB, Feb. 11-12, 2022). Several samples have copper values as high as 0.3%. BR-21-04 and BR-21-05 targeted magnetic and IP anomalies adjacent to the mineralized zone and failed to intersect significant mineralization. The company now suspect the magnetic signature in this area is the best indication of cobalt mineralization. BR-21-07 tested an IP anomaly elsewhere on the Property and failed to explain the response. A magnetic anomaly associated with the cobalt bearing pyritic magnetite is approximately 1 km in length and previous inversion modeling of the magnetics suggests a depth to 1,000 m (A.P. Belperio, Minotaur Exploration Ltd., March 2010). The pyritic magnetite is now believed to have un-tested potential extending four kilometers westward of the Bass River cobalt prospect along the Cobequid fault. Several un-tested magnetic anomalies occur along the Cobequid fault, and a cobalt assay of 1,100 ppm was discovered in a bedrock grab sample 4 km westward of the above-mentioned drilling at the Fire Road prospect. An iron oxide copper-gold (IOCG) model is a diverse suite of elements including various combinations of REE, F, P, Mo, Ag, Ba, Co, Ni and many of these elements are important commodities in the context of IOCG deposits. The main characteristic of IOCG deposits features hydrothermal ore styles and strong structural controls, abundant Fe oxides with an Fe/Ti relationship. The recent drilling has demonstrated many of these characteristics indicating the potential for an IOCG discovery. The Steele Run (formerly Mt. Thom) copper prospect was discovered by Imperial Oil in the early 1970s. The IOCG model and cobalt mineralization were later recognized. Mineralized outcrop and sporadic core sampling have recently produced assays of up to 0.863% Cobalt within historic 1.5% grading copper zones. A 2004 government study of 29 core samples, encountered values ranging from 157 ppm (0.0157%) Cobalt to 8,630 ppm (0.863%). Tillkännagivande • Apr 16
Mongoose Mining Ltd., Annual General Meeting, Jun 14, 2022 Mongoose Mining Ltd., Annual General Meeting, Jun 14, 2022. Tillkännagivande • Jan 26
Mongoose Mining Ltd. Provides Exploration Update on Its IOCG Projects in Nova Scotia Mongoose Mining Ltd. provide an update on exploration of its IOCG (Iron Oxide-Copper-Gold) projects in rural Nova Scotia Canada. LAND PACKAGE OVERVIEW; Mongoose is engaged in the exploration and development of IOCG deposits in the Cobequid Highlands of central Nova Scotia, Canada. The Cobequid-Chedabucto Fault Zone is a large crustal fault system within the Cobequid Highlands. In 2007, Minotaur Exploration Limited identified the CCFZ and associated iron oxide deposits as an IOCG style system. Minotaur completed extensive work programs including regional gravity, VTEM, magnetic and geochemical surveys and successfully identified high-priority drill targets. Due to the impact caused by the 2008 financial crisis, exploration activities on the Property ceased, leaving these targets yet to be drilled. Building on the foundation of Minotaur's work, data compiled from both a recent Nanospectra geophysics assessment and an extensive compilation of historical reports was applied to an AI algorithm/machine learning program from Mercator Geological Services. This work resulted in the generation of numerous new targets on the Property and an assessment of targets identified by Minotaur. CURRENT EXPLORATION INITIATIVES; Regional exploration is currently underway and expected to continue throughout the next several months (weather permitting). The primary focus is the systematic evaluation of targets generated by Mercator. Mercator digitized the data of 150 previously filed geological studies and reports within the claim block held at Bass River and Londonderry. These reports included geological mapping, and multiple geochemical and geophysical surveys. The data was then entered into an IOCG modelling algorithm and machine learning exercise. From this, 28 priority targets were generated with "good" prospectivity as determined by the algorithm. Nine of which were "high" prospectivity. Samples from field recognisance are at the lab awaiting assay results. The past fall, a magnetite outcrop with showings approximately 15m along a small brook was discovered 4.1km west of the Bass River drill site. Grab samples were collected from this zone, named Fire Road, and all sent to Dalhousie University's Minerals Engineering Centre in Halifax for analysis. Results showed significant cobalt and iron values, similar to grades observed in the Bass River drill holes. It should be noted that Dalhousie University's lab is not ISO/IEC 17025 accredited, however OREAS Certified Reference Material (CRM) was assayed with the batch and returned acceptable analytical results. Grab samples are selective in nature and may not represent the entire mineralized zone.